The Israeli company that wants to remake Wi-Fi history
When examining the vision behind Israeli tech company Powermat, you must go 14 years back to the year 2001: The Starbucks coffee chain had just installed WiFi antennas at their US branches, enabling customers to surf the internet from their laptops using no cables. Today, wireless internet has become something that goes without saying, but one Israeli company takes it one step further.
Israeli-based Powermat is trying to remake history, with the same coffee chain, Starbucks, but this time the star of the show will be a wireless charging pad that enables phones to fill up with battery without the use of a cable or phone charger.
Israel invests less than half of OECD average on healthcare
A new report released on Wednesday paints a grim portrait of the Israeli healthcare sector. In its latest economic developments survey, the Bank of Israel discovered extensive waiting times, insufficient medical scanners, and a lack of available hospital beds.
The Bank of Israel noted these to be a result of low public investment and the funneling of funds out of public health care to private institutions. The report noted that the rate of public investment in the healthcare system in Israel was more than half in 1995 but dropped to a mere third by 2006, indicating how much the private health sector has grown in the last 20 years.
Israeli foreign currency reserves continue to drop
Israel’s foreign exchange reserves at the end of January 2015 stood at $84.691 billion, down $1.411 billion from their level at the end of December 2014, the Bank of Israel reports. The Bank of Israel said that the decline was the result of: a revaluation that decreased the reserves by about $1,564 million and a decrease of $254 million derived from private sector transactions.
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Meet the top 10 Israeli companies revolutionizing fashion tech
It’s not enough in the fashion industry to just look good anymore – being fashion-forward increasingly requires integrating technology to sell, purchase and create fashion items. Designing cutting edge wearable technology, using big data technology to match the right outfit with the right customer and using interactive displays to draw in consumers are all part of the ‘FashTech’ (fashion technology) revolution.
MICA, AWear and LikeAGlove are some of the top Israeli fashion tech companies looking to make the business of fashion a lot more cutting-edge.
Driverless cars are in the near future
Within a few years, you may be traveling in a car with nobody at the wheel. Whether you call it an autonomous, driverless or self-driving vehicle, this automobile of the near future needs a host of complex components, some now under development at Israeli companies and academic laboratories.
The biggest benefit will be fewer traffic accidents than we have today – causing more than 30,000 casualties annually in the US alone — by eliminating human error in driving. But that requires a very, very smart car.
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